Residential land plot prices still red hot after record price paid by Sino Land Co

HONG KONG (BLOOMBERG) - A consortium including Sino Land Co paid a record HK$17.3 billion (S$3.02 billion) for a plot of residential land in Hong Kong, signalling the property market is still running hot.

Commercial property, where Hong Kong rents are the highest in the world, is also in demand. A Chinese state firm this month led the record HK$40.2 billion acquisition of a 75 per cent stake in The Center, a 346-metre skyscraper, from Li Ka-shing's CK Asset Holdings Ltd.

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